Innovation in Capital Markets: In Conversation With Tim Gokey

The video features a discussion with Tim Gokey, CEO of Broadridge, on the impact of the pandemic on financial services, focusing on democratization and digitization. Key trends include increased market participation, ESG proposals, and the role of AI and blockchain in enhancing financial efficiency. The conversation also covers the potential of blockchain in real-time settlements and the importance of mutualization in leveraging industry solutions. The session concludes with insights on long-term trends and future risks in the financial sector.

What was a significant historical event that led to innovation in the financial services industry?

• The launch of the first credit card

• The creation of the Federal Reserve

• The New York Stock Exchange's inability to clear trades in the 60s

• The introduction of online banking

What are the two major trends in financial services discussed by Tim Gokey?

• Democratization and digitization

• Globalization and automation

• Regulation and compliance

• Outsourcing and offshoring

How has the average fee for asset management changed in recent years?

• Increased by 25%

• Remained the same

• Decreased by 25%

• Increased by 10%

What is a key factor driving the growth of stock market positions?

• The decline of traditional brokers

• The rise of online brokers

• Increased interest rates

• Government regulations

What technology is being used to increase liquidity in fixed income markets?

• Quantum computing

• Blockchain

• Virtual reality

• 5G networks

What percentage of financial services workloads is expected to be on the cloud by 2026?

• 60%

• 80%

• 50%

• 30%

What is a potential benefit of blockchain in the repo market?

• Higher interest rates

• Reduced transparency

• Faster and easier settlements

• Increased transaction fees

What is a challenge in achieving real-time settlement in financial markets?

• Limited market participants

• Time zone differences

• Lack of technology

• High transaction costs

What is mutualization in the context of financial services?

• A process of merging companies

• A strategy for reducing employee numbers

• Sharing industry solutions to reduce costs

• A method of increasing market share

What is a risk for firms in the financial services industry according to Tim Gokey?

• Expanding into new markets too quickly

• Hiring too many employees

• Not being proactive in addressing future trends

• Over-investing in technology